Develop Business in Global Market, Sido Muncul Open Branch in Philippines and Nigeria

By : Hariyanto And Aldi Firhand. A | Tuesday, April 03 2018 - 21:26 IWST

PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)
PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO)

INDUSTRY.co.id - Jakarta - PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) is increasingly aggressively expanding its business in the global market by opening branches in the Philippines and Nigeria.

"We are still exploring to many countries by expanding the marketing area," said Director of PT Jamu and Sido Megah Industries Irwan Hidayat to press in Jakarta, Tuesday (3/4/2018).

Currently, the progress of market expansion to destination countries is still in the process of obtaining permits. "So we are still doing registration at POM (Food Drug Control) in the country there," said Irwan.

He said, in developing the market, Sido Muncul more prioritize the marketing office in many countries, not making factories abroad.

"The business scheme is more efficient and effective for this company. We are looking for distributors there, and for the marketing office, there is no need for the factory there, from Indonesia just send it," said Irwan.

Previously, Finance Director of PT Industri Jamu dan Farmasi Sido Muncul Tbk Venancia Sri Indrijati Wijono said that the export portion of SIDO's revenue is still very small at 1%. However, less than two years, Herbal and Pharmaceutical Industry Sido Muncul targets the export portion can reach 5%.

Given the financial statements of the third quarter-2017, Jamu and Pharmaceutical Industry Sido Muncul recorded net sales of Rp1, 86 trillion. This achievement decreased 1.79% compared to the sales of third quarter-2016 of Rp 1.89 trillion.

The details of the sale of PT Industri Jamu dan Farmasi Sido Muncul Tbk appeared in the third quarter of 2017, for herbal medicine and supplement products amounting to Rp 1.19 trillion or up 7.5% year on year (yoy). Food and beverage products decreased 17.12% to Rp 599.89 billion, while pharmaceutical revenues amounted to Rp 68.53 billion, up 11.55% yoy. (imq)

News Comment

Today's Industry

Menteri Perindustrian Airlangga Hartarto bersama Ketua Umum Gapmmi Adhi Lukman

Selasa, 24 April 2018 - 00:00 WIB

Facing Industry 4.0 , Minister of Industry Continues to Improve Innovation and Competitiveness of Food and Drink Industry

Jakarta, the Ministry of Industry continues to increase the innovation and competitiveness of the food and beverage industry (mamin) in line with the establishment of this sector as one of five…

SM Entertainment. (Foto Ist)

Senin, 23 April 2018 - 23:57 WIB

Allegedly Embezzles Money By Lee Soo Man, SM Entertainment Give Statement

South Korea's biggest agency, SM Entertainment was stumbling over alleged embezzlement issues committed by Lee Soo Man, founder of SM Entertainment.

Zayn Malik in the video clip Let Me. (Source: YouTube)

Senin, 23 April 2018 - 23:56 WIB

Zayn Malik Goes Acting?

One of the singers of One Direction boygroup, Zayn Malik admitted that he was interested in penetrating the world of acting. That he revealed through the interview with Femalefirst some time…

Terminal 3 Soekarno Hatta International Airport

Senin, 23 April 2018 - 23:53 WIB

Qantas and Jetstar Asia Airways May 11 Move to Terminal 3

Two international airline carriers, Qantas Airways and Jetstar Asia Airways starting May 11, 2018 will move operations to Terminal 3 of Soekarno-Hatta International Airport.

Bandara I Gusti Ngurah Rai di Bali dan Sultan Hasanuddin, Makassar Raih Penghargaan Dunia

Senin, 23 April 2018 - 23:50 WIB

Passengers at 13 AP 1 Airport Up 10 Percent

The number of passenger traffic at 13 airports managed by PT Angkasa Pura I (Persero) in the first quarter of 2018 rose by 10 percent compared to the same period in 2017.